Daily News

Source: BNN Bloomberg January 25, 2024

Markets today: Nasdaq 100 gains for fifth day; Treasuries decline

U.S. stock indexes ended Wednesday off session highs, after earnings-related optimism fueled by Netflix Inc. moderated and investors geared up for another batch of key quarterly results. The S&P 500 was little changed when markets closed while the tech-hea...

Company News Source: BNN Bloomberg January 25, 2024

Restaurant company MTY Food Group raising quarterly dividend 12%

MTY Food Group Inc. says it is raising its quarterly dividend by 12 per cent. The restaurant franchisor and operator says it will now pay shareholders a quarterly dividend of 28 cents per share, up from 25 cents per share. The increase comes after MTY c...

Market Call Source: BNN Bloomberg January 25, 2024

Kim Bolton's Top Picks: January 24, 2024

Kim Bolton, president and portfolio manager of Black Swan Dexteritas FOCUS: Technology stocks Market outlook: After breaking their late summer-early fall downtrends in November, both the S&P 500 and Nasdaq Composite went out to new 52-week highs by...

Source: Financialpost January 25, 2024

5 simple ways Canada can get inflation down to 2% without raising interest rates

Ted Rechtshaffen: No need to rely on high rates, job losses, forcing people to stop spending to make mortgage paymentsInflation is the great evil of an economy, according to the Bank of Canada. It is so important to get our inflation rate to two per cent tha...

Source: Financialpost January 25, 2024

Posthaste: Recession likely to hit soon, with Bank of Canada rate cuts to follow, economists say

Recession will bring Bank of Canada interest rate cuts this spring, Desjardins says We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Recession likely to hit soon,...

Source: Financialpost January 25, 2024

Top headlines: Rio Tinto staff die in plane crash on way to diamond mine

The latest business news as it happensToday’s headlines We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Top headlines: Rio Tinto staff die in plane crash on way to diamond...

Source: Financialpost January 25, 2024

Bank of Canada holds interest rate at 5%, but signals shift in direction

Discussions move from how high to how long Get the latest from Barbara Shecter straight to your inbox Sign Up The Bank of Canada held its key overnight interest rate at five per cent for the fourth consecutive time, as inflation remains higher than de...

Economy Source: Financialpost January 25, 2024

Goodbye 'hawkish bias': Here's when economists think the Bank of Canada will cut rates

Economists react to Bank of Canada's latest decision to hold and predict where policymakers are headed nextThe Bank of Canada held its benchmark interest rate at five per cent for the fourth consecutive time on Jan. 24. Here’s what economists, who widely exp...

Market Call Source: BNN Bloomberg January 24, 2024

Stephen Takacsy's Top Picks: January 22, 2024

Stephen Takacsy, president, CEO and CIO of Lester Asset Management FOCUS: Canadian stocks Market outlook: We see a positive environment for stocks and bonds for 2024. We have always believed that inflation was “transitory,” caused by supply and dem...

Source: BNN Bloomberg January 24, 2024

Three Hong Kong-based stocks to consider: portfolio manager

While global equity markets from the U.S. to Japan have started off strong in 2024, the Hong Kong Stock Exchange is trading at multi-decade lows – but a portfolio manager says there are still buying opportunities on the HKG. Jason Del Vicario of Hillside W...